I'm looking to buy a single family home to rent. It's tax assessed at $52000 but is for sale for $38000. Say I buy it for $38K with a 20% down payment ($7600) leaving a $30400 loan. If a bank will give an equity loan ...
Hello,
I own some property close to a very popular national park and it is also very close to a small tourist town that is near this national park. The town alone gets hundreds of thousands of visitors a year and well...
Hello everyone, my name is Digna and I'm new to the game of Real Estate. I live in the Sacramento area. My game right now is to pay down a large personal debt (which requires a lot of patience), meanwhile improve my ...
As my first year of real estate investing winds down I'm starting to think of pending tax preparations. I had a lot of questions, found a few answers, and am generally left with more questions. I purchased two propert...
Hi all! I am exploring hard money options in RVA and would like to know what to expect regarding costs? i.e. origination costs, appraisal requirements, interest, commitment fees, processing fees, etc. I have a decen...
Quick question here. If I do a cash-out refinance and use the extra funds above those used to pay off the original mortgage to purchase a new investment property is interest on the entire new loan deductible? For ex...
New investor just starting out and looking for guidance. Buying a SFP for rental at $120K. Needs $50K in improvements. Improvements will take 2 months. ARV will be $220K. Using a line of credit to purchase property ca...
Hi,I have a question about Opportunity Zone Tax Deferral. Scenario below.Say I buy a property for $1 Million (Setup a Op Zone Fund and fund it with $200K Cap Gains. To keep it simple I will assume that I only buy this...
Not much progress has been made however I have saved up enough money to pay off a 20%($32,252) down payment if the correct move is to refinance. The numbers I know for sure as of now is that if I pay the PMI for the l...
Hello there everyone-
Not too sure if this qualifies as an announcement but I would like to let people know a little bit more about HUD (Housing and Urban Development) and FHA (Federal Housing Administration). HUD do...